Will Fracking Water Treatment Suffer The Fate of Other Oil Services?

This past quarter, we saw several oil services companies suffer because so many players in the pressure pumping space sent contract prices through the floor. Despite the emerging importance of the treatment of fracking water, the actual business of water treatment may start to suffer from oversupply as have other more traditional oil services. Moreover, new offerings from oil service giants Halliburton (NYSE: HAL) and Baker Hughes (NYSE: BHI) could drastically change the dynamics of the industry.

Taking a step back and looking at the entire space, the treatment of hydraulic fracturing water is still a very young industry. Furthermore, the projected drilling program expected over the next several years will provide lots of opportunity for players that play their cards right. Tune into the video below where fool.com contributor Tyler Crowe takes a look at some of the emerging trends in this industry and what companies in this business could do well despite the flood of new entrants.

The US shale boom has opened up investment opportunities in the US we haven't seen in years. Just like the water treatment realm, though, picking the right stocks that play the shale boom for your portfolio can be very challenging. For this reason, we have put together a comprehensive look at three energy companies set to soar during this transformation in the energy industry. Let us help you discover the three companies that are spreading their wings by checking out our special report, "3 Stocks for the American Energy Bonanza." Simply click here and we'll give you free access to this valuable report.

Fool contributor Tyler Crowe owns shares of Nuverra Environmental Solutions. You can follow him at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter: @TylerCroweFool.

The Motley Fool recommends Halliburton. The Motley Fool owns shares of Nuverra Environmental Solutions and has the following options: long January 2014 $4 calls on Nuverra Environmental Solutions and short January 2014 $3 puts on Nuverra Environmental Solutions . Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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It never dawned on me that water and oil services go hand in hand. I've heard of water treatment, but never really understood how it worked. I was just curious about it, and this helped me understand it a lot more.